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Associate Underwriter to Executive Underwriter (Energy)

Employer
James River Insurance
Location
Remote
Salary
Competitive Pay + benefits
Closing date
Nov 26, 2022

View more

Category
Underwriting
Job Type
Full Time
Career Level
Not Specified

Come grow with James River Insurance!

James River Insurance is an excess and surplus lines segment of James River Group Holdings, Ltd. and operates on an approved non-admitted basis in 50 states and Washington, DC. Since 2003, James River has provided thousands of commercial property and casualty customers with innovative and creative solutions for particular insurance needs.

At James River Insurance, we are committed to providing a stable and rewarding work environment supported by our Core Values and Guiding Principles: Integrity, Accountability, Innovation, Customer Service, Communication, and Teamwork.  We are proud of our recent national recognition as a 2021 Top Workplaces USA award. 

James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in three specialty property-casualty insurance and reinsurance segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. The Company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company.

Job Summary

James River Insurance is hiring in its Energy underwriting division and will consider hiring at the Associate Underwriter, Underwriter, Senior Underwriter, Underwriting Specialist and Executive Underwriter levels. The successful candidate will be responsible for selecting, reviewing, modeling, analyzing and underwriting complex submissions within the context of applying the division’s underwriting guidelines and standards; determining the proper terms and conditions for acceptable risks including rating the account to develop the appropriate premium; and developing and maintaining profitable business relationships with brokers.

Duties and Responsibilities

Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service

  • Analyze new business opportunities and develop renewal strategies
  • Attain quote, premium and division goals as assigned
  • Develop and maintain strong relationships with brokers
  • Use critical thinking and problem-solving skills to negotiate with brokers on placements
  • Assist the Underwriting Manager/Division Manager with training, mentoring, and on-boarding of new employees.
  • Travel to meet with brokers within assigned territory at least three times per year
  • Other duties as assigned

Knowledge, Skills and Abilities

  • Ability to effectively and properly select, evaluate, model, determine coverage, rate, document, quote and bind accounts
  • Ability to effectively assess risk
  • Excellent verbal and written communication skills
  • Ability to work independently or in a team environment to complete assignments within the parameters of instructions given, prescribed processes and standard accepted underwriting practices
  • Solid knowledge of underwriting philosophy and techniques
  • Proven problem solving and decision making skills
  • Strong negotiation skills
  • Ability to multi-task
  • High level of initiative and motivation
  • Strong work ethic with a drive to succeed
  • Solid customer service and relationship building skills
  • Proficiency in MS Office (Word, Excel, Outlook) and Internet researching

Experience and Education

Associate Underwriter

  • Bachelors Degree or a minimum of 3 years of relevant work experience
  • Industry associated classes or courses preferred

Underwriter

  • Bachelors Degree or equivalent work experience
  • Minimum of 2 years of related underwriting experience preferably in Excess and Surplus lines
  • Preferably pursuing courses toward professional designations or continuing education.

Senior Underwriter

  • Bachelors Degree or equivalent work experience
  • Minimum of 5 years underwriting experience, preferably in Excess and Surplus lines
  • Professional designation is preferred

Underwriting Specialist

  • 15+ years industry experience, 10+ years in Excess and Surplus lines with specialized coverage and product knowledge
  • Bachelor’s Degree or equivalent work experience
  • Specific experience in marketing and underwriting of the division related products
  • Professional designation is preferred

Executive Underwriter

  • 20+ years industry experience, 15+ years in Excess and Surplus lines with specialized coverage and product knowledge
  • Bachelor’s Degree or equivalent work experience
  • Specific experience in marketing and underwriting of the division related products
  • Professional designation is preferred

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